The clearance rate from this weekend’s 827 auctions is 65 per cent, a result that clearly shows the impact of high stock levels throughout June.
The outlook for July reveals a lower number of homes offered for auction, around 550-600 per weekend and less opportunities for buyers.
This weekend last year saw 451 auctions and clearance rate of 87 per cent.
There have been 827 auctions this weekend with a total of 540 selling and 287 passed in, 178 of those on a vendors bid.
The REIV expects 590 auctions next weekend.
See full list of results here.
Source REIV
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